Revenue of $55.5 million, operating profit $1.5 million and Adjusted EBITDA of $5.3 million; Reiterates 2022 guidance
Petah Tikva, Israel – August 9, 2022 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial Highlights
Petah Tikva, Israel, August 4, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Internet para Todos (IPT) in Peru is expanding its contract with Gilat, for 4G cellular backhaul services over the Internet.
IPT is a global collaborative between Telefónica, Meta (formerly Facebook), IDB Invest, and CAF. The initiative is bridging the digital divide in Latin America and providing internet connectivity to remote regions of Peru.
READ MOREPetah Tikva, Israel, August 2, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today the Company signed an agreement to provide a SkyEdge II-c hub and hundreds of VSATs to a government in Central Asia.
The Gilat equipment will be used to connect rural villages to the government network, serve as a backup communication channel for disaster preparedness, and provide remote services to citizens.
READ MOREPetah Tikva, Israel, July 25, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company is further expanding its strategic in-flight connectivity (IFC) partnership in Japan with Intelsat.
Intelsat is augmenting its commercial and business aviation services in Japan to support even higher levels of IFC reliability for air travelers by expanding the network with two additional SkyEdge II-c hubs.
READ MORERio de Janeiro, RJ, Brazil
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